Karnalyte Resources Inc T.KRN

Alternate Symbol(s): KRLTF

Karnalyte Resources Inc. is a Canada-based development stage company. The Company is engaged in the exploration and development of its property and possible construction of a production facility and development of a potash mine. It is focused on two fertilizer products, potash and nitrogen, to be produced and manufactured in Saskatchewan. The Company owns the construction ready Wynyard Potash Project, with planned phase I production of 625,000 tonnes per year (TPY) of high-grade granular potash, and two subsequent phases of 750,000 TPY each, taking total production up to 2.125 million TPY. The Company is also exploring the development of the Proteos Nitrogen Project, which is a proposed small scale nitrogen fertilizer plant with a nameplate production capacity of approximately 700 metric tonnes per day (MTPD) of ammonia and approximately 1,200 MTPD of urea, and a target customer market of independent fertilizer wholesalers in Central Saskatchewan.

TSX:KRN - Post by User

Karnalyte Resources Inc

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Post by DrWolverineon Dec 11, 2012 11:39am

196 Views

Post# 20713051

Good Luck with your underwater investment

Speaking of trains, next stop $4.85 as gravity weighs on SP and going lower. Now who is desperate? WPX and ICP at 52 week lows. KRN is next. GREAT short opportunity. NOTHING will cause SP to go up, there is no bouyancy. KRN is unfinanceable, industry at lows, HUGE capital requirements that will NEVER be financed at these levels.

I'm not a hater but this is on its way to $1.00. I'll buy back in then.

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